Ford announced a return to Formula 1

The American company Ford has ruled out the possibility of returning to Formula 1 in the near future.

The “blue oval” has left the championship at the end of 2004, when he sold the team to Jaguar Racing to Red Bull owner Dietrich Mateschitz, the, and resume the program is not going to.

“Hybrid technology is interesting for our company, but needed a ceiling budgets. Although everything is relative: you can reduce costs in one area and the other manufacturers will begin to spend more”, – quotes F1i Director of Ford Performance Brand Rushbrooke.